1. (a) State payroll paycard.

   1. (1) The comptroller may enter into a contract to offer state employee payroll payment using a paycard, an approved type of EFTS payment under §5.12(c) of this title (relating to Processing Payments through Electronic Funds Transfers).
   2. (2) A paycard may be issued to a state employee that provides access to payroll funds deposited to a designated account at a domestic financial institution.
2. (b) Paycards are subject to Regulation E.

3. (c) Paycard account deposits.

   1. (1) The state paycard account may only be used for state payroll deposits initiated by the comptroller for a specific state employee.
   2. (2) A state employee may not use the paycard account for any deposit other than deposits of payroll payments.

Source Note:The provisions of this §5.15 adopted to be effective February 23, 2015, 40 TexReg 825.